Toronto Stock Exchange Crashes

Toronto stock exchange (including Montreal), TMX, had to close early on Friday due to some technical glitches. All trading including stocks and bonds had to be terminated.

“Internal technical issue” was behind this shut down that had to stop all the exchanges trading at 1:59pm.

It did not mean that it was time to go home, some bankers stayed on trading on other exchanges like Nasdaq.

TMX was hard at work fixing the issue by replacing a broken module due to “hardware failure in a central storage appliance.” They were checking to make sure that no critical data was affected.

TMX wanted to point out that this was internal problem, and no cyber or hacking attack has taken place.

TMX CEO Lou Eccleston said in a earlier statement:

“We apologize to all of our valued clients across Canada’s capital markets and around the world. TMX is committed to applying the lessons learned from this incident to help us prevent such issues from recurring in the future.”

Some users like JoeGreatWhiteNorth were not so pleased:

This early shut down could potentially generate some issues for Monday’s opening as some of the trades that usually happen before closing did not happen.

Amazon Raises Prime Membership by $2 a Month in the US, not in Canada

Hey fellow Canadians, no worries about recently announcement by Amazon, about their Prime Membership. Fee hike won’t affect members living north of the border.

Amazon is raising prices by $2 USD from $10.99 to $12.99 for their US subscribers starting immediately and will be updated on their next bill cycle. Student members fee will only increase by $1 from $5.49 to $6.49.

Unlike in the US, Amazon Canada charges annual fee vs monthly fees. Maybe this pricing scheme is due to strict pricing restriction in the province of Quebec when it comes to pricing memberships.

Price in Canada is $99 a year and includes free shipping, prime video / music, etc. Amazon says there is no plans to change that:

“We don’t have anything to share with regard to pricing change for Prime membership in Canada.”

Increase or not, people swear by their memberships no matter how much it costs, where else you can order an item at night that shows up on your doorsteps next morning – and you pay no shipping for that?

Toronto Mobile App Developer Kills 10 People in North Toronto

Alek Minassian, a Toronto mobile developer and a student, rented out a van, and drove it down a busy Toronto street running over and killing 10 people and injuring multiple others.

Noone knows yet the motive for his actions, but all we know is that multiple people are killed and injured.

So what do we know about this Alek Minassian?

He is a developer and a college student at Seneca College.

He is 25 years old, and grew up in Toronto suburb of Richmond Hill, one of the richest neighbourhoods in Toronto, Ontario.

He did try to flee the scene and used a fake gun to scare the police.

The cop in the video shows extreme restrain and bravery while apprehending the suspect.

Alek was a mobile app developer who created an app called “Toronto Green Parking Advisor” downloaded more than 100 times. You can get it if you have an Android on Google Play.  It seems like the app allows you to search for parking locations in Toronto near a given address. The address can either be your current location or an address you specify. Parking locations can either be viewed in a list or on a map.

Furious users went on the app’s website after the attack to leave their negative reviews in the app comments section:

It seems like Alek really wanted to become a professional developer getting involved in Seneca’s Centre for Development of Open Technology development project at Seneca College.

Project states:

The program works by creating one or more objects and placing them on a Scene. It then adds one or more light sources and traces them as they reflect off or refract through objects.

So once again, noone knows why he did it. But it seems like mental illness could be at play. Some of his classmates at school described him as an odd and weird.

We here at PlanetWeb , send best wishes to everyone affected by this tragedy and would like to leave you with this quote:

Money Raised & Companies Acquired – Canadian 2018 March Edition

March was a quieter month with fewer deals going on but there were still quite a few deals taking place. The notable deals came from Toronto ecobee raising $80m and Vancouver hootsuite raising $65m. Even an interesting concept Cryptokitties game developed in Vancouver, where you breed, raise and sell cats, got $12m in funding. Most money discussed below are in Canadian dollars.

Happy Capitalism Boys & Girls!

List of Notable of Canadian Companies That Raised Money in March 2018

Swift Medical, Toronto based, wound care management software, received $11.6m in funding

The world’s most advanced and comprehensive wound care management software Industry leaders like Healogics and PointClickCare count on Swift Medical to deliver better outcomes for all. Swift Medical delivers the most advanced wound care management software for the healthcare enterprise.

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Hootsuite, a Vancouver social media company, received financing approval for up to $65m for the growth expansion.

Manage all your social media in one place From finding prospects to serving customers, Hootsuite helps you do more with your social media.

CryptoKitties, Vancouver based, blockchain game, received $12m

CryptoKitties is one of the world’s first blockchain games. ‘Blockchain’ is the technology that makes things like Bitcoin possible. While CryptoKitties isn’t a digital currency, it does offer the same security: each CryptoKitty is one-of-a-kind and 100% owned by you. It cannot be replicated, taken away, or destroyed.

iS5 Communications, Toronto based company, developer of Ethernet cards, received investment from Phoenix Contact Innovation Ventures

iS5Com is an integrated service and solutions provider. Manufacturer of intelligent, Industrial Ethernet products designed to be used in the harsh environments.

Green Tank Technologies, Toronto based firm specializing in cannabis vaporization hardware, got $4.3m in financing from Snoop Dogg’s VCs

Vaporizing hardware that is manufactured by a team of professionals that understand your extracts. Premium quality vapes and accessories with built-in True-Taste Ceramic Core Technologies. Find your vaporizer solutions with Green Tank Technologies.

CareWorx, Ottawa based senior care technology provider, received a $17m in funding

CareWorx delivers the very best in Managed Services to our customers. CareWorx Senior Care Division is the industry’s largest provider of managed point-of-care, eMAR, mobile computing and wireless solutions.

Poka, Quebec City, training and knowledge platform for manufacturers, got $10 million in financing

Poka is a Web and mobile app that gives factory workers the power to capture, consume and share critical information in real-time on the plant floor, leading to improved productivity. By creating a standardized multimedia knowledge base of procedures, training content and solutions related to each workstation and machine, Poka helps reduce production downtime, improve quality and safety, and facilitate communication across factories, departments and shifts.

Mojio, Vancouver, connected car cloud company, got an additional funding from their investors

Open, scalable and hardware agnostic, Mojio is the cloud platform of choice for the deployment of secure connected car apps and services. Mojio’s platform delivers a smarter, safer and more convenient driving and vehicle ownership experience to subscribers of major network operators, including Bell Canada, Deutsche Telekom, Rogers Communications, T-Mobile and TELUS.

Purpose Financial, Toronto based investment firm, has acquired Thinking Capital Financial Corporation, a Montreal based Canadian fintech lender

Today we are proudly the Canadian leader in alternative financing for small businesses. It has been a long road, including technological breakthroughs, key talent joining the team and relationships with major partners have all been key to our growth and success. This timeline summarizes our journey over the last 10 years.

ecobee, Inc., Toronto based provider of a smart Wi-Fi thermostat, received $80m in funding

ecobee is a home automation company that makes thermostats for residential and commercial use. The thermostats are controlled by using the built-in touchscreen or using an app.

ThoughtWire, Toronto based developer of an Industrial Internet of Things, got $20m in debt and financing

ThoughtWire’s vision is to deliver immediate business value by rapidly interconnecting software, people and the information they need in a more adaptable, scalable and focused way.

Amazon HQ2 officials Visit Toronto

We found out that Amazon officials came to Toronto few weeks ago and stayed for 2 days. They asked questions about health care and the tech sector.

Julia Sakas , Toronto Global representative said:

“They were very interested in hearing more about our tech sector and the benefits that come from our publicly funded health care and education systems. It was a very productive and positive visit, and an opportunity for us to promote the incredible access to highly-skilled, highly-educated, diverse, global talent available to them in the Toronto Region.”

Amazon officials said this is a working visit and they are visiting the other 20 cities as well. We want to remind you that neither Montreal nor Vancouver made the HQ2 list, and Toronto is the only international and Canadian city.

Toronto Mayor John Tory team said

“Mayor was glad to have the opportunity to tell the Toronto Region’s unique story in person  to the officials. He told them (Amazon team) there is no other city region in North America that can boast the same talent, the same quality of life, the same vibrancy and economic strength.”

Toronto is competing against cities like Atlanta, Austin, New York and Raleigh, N.C.  Toronto is also one of the few cities that has decided not to provide financial incentive for Amazon to come here. Free government health care, open immigration policies and vast tech talent is Toronto’s main selling point.

5 Most Bizarre Questions Congress Asked Zuckerberg

Facebook has been in a hot seat recently due to exposure of between 50 million and 87 million Facebook user profiles without the users’ consent. Mark did a good job last few days showing up at US congress and answering most of their questions. Facebook stock regained over $30 billion back.

Facebook had important questions to answer to the public however these senators didn’t do their homework. Most of the congressman are in their 70s and 80s and not used to computer and tech talk. The questions they asked makes you wonder if they even know how to turn on a computer or even know what Facebook does.

So without further ado here are the 5 most weird questions asked, poor Mark (see videos below):

Number 1: South Carolina Senator Lindsay Graham (R) asked “Is Twitter the same as what you do?”

Confused much? What does she think Facebook runs a monopoly? “It overlaps with a portion of what we do,” Zuckerberg said.

 

Number 2: Georgia Representative Buddy Carter (R) asked “Did you know that the Motion Picture Association of America is having problems with piracy and…this is challenging their existence?”

OK let’s blame all privacy issues on Facebook. Zuckerburg response: “Congressman, I believe that has been an issue for a long time.”

 

Number 3: Hawaii Senator Brian Schatz (D) “If I’m emailing within WhatsApp…does that inform your advertisers?”

Ahhh hold there a second Mr Schatz – you do realize Whatsapp is a chat, and not an email? Mark without correcting him said: “WhatsApp would not lead to related ads.”

 

Number 4: Florida Senator Bill Nelson (D) “What if I don’t want to receive [ads for chocolate]?”

Ahh OK OK – maybe not such a bad question. But its cookie targeted ads used by thousands of websites, not just Facebook. Blame Chrome and IE browsers and their cookies! Mark answered that users can switch off information if they don’t want that info used to select ads for them.

 

Number 5: Utah Senator Orrin Hatch (R) “How do you sustain a business model in which users don’t pay for your service?”

Zuckerburg said “Senator we run ads.”

 

I think my grandma would probably ask more educated questions than these bunch – enjoy the videos below.

Mark Zuckerberg Explains the Internet (to Old People)!

It’d be painful to watch if it wasn’t so funny.

Posted by CNET on Wednesday, April 11, 2018

Confused senators at Mark Zuckerberg’s hearing asked confusing questions

Facebook had important questions to answer. These senators didn’t do their homework.

Posted by ThinkProgress on Tuesday, April 10, 2018

Four Canadian Universities Made Top 100 List of Best Universities

Four of Canadian universities made it to TOP 100 list compiled by The Times Higher Education.

This is their 14th edition. This time they have analyzed data from 1,000 universities from 77 countries.

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Canadian universities in the Top 100

  • University of Toronto (Ranked #22)

The University of Toronto (UofT) has many pioneering achievements to its name, including Canada’s first academic publishing house, the first forest science faculty in the country, and becoming the first Canadian university to reach more than C$1 billion in endowment.

 

  • University of British Columbia (Ranked #34)

Students and researchers are organised into 12 faculties on the Vancouver campus and a further seven on the Kelowna campus. UBC offers a special joint undergraduate programme with Sciences Po – a higher education institution in Paris.

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  • McGill (Ranked #42)

The university offers more than 300 different degree subjects to more than 40,000 students from 150 different countries. It counts itself as one of Canada’s most internationally diverse institutions.

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  • McMaster (Ranked #78)

McMaster’s medical school is well-renowned and the university also provides teaching across the faculties of engineering, business, humanities, social sciences and science. The university places a strong emphasis on research working to target some of the most urgent needs in society particularly in the field of health sciences. This includes research from the Stem Cell and Cancer Research Institute which turned bits of human skin into blood cells, which could help to alleviate the shortage of blood donors.

If you look at Top 1000 you can see many other Canadian universities that made the list such as University of Calgary, Carleton and others.

varunkul01 / Pixabay

The report stated that:

Compared with the US, Canada can also provide cheaper study options, simpler application processes and more opportunities for permanent residency.

According to the Canadian Bureau for International Education’s International Student Survey, more than 90 per cent of students questioned were satisfied or very satisfied with their studies in Canada, and 95 per cent would recommend Canada as a study destination.

You can see the full list of universities here , most of them are offering computer science and accept international students.

Top Universities in Canada 2018

World University Rank 2018 University City
=22 University of Toronto Toronto
=34 University of British Columbia Vancouver
42 McGill University Montreal
78 McMaster University Hamilton
108 University of Montreal Montreal
=119 University of Alberta Edmonton
201–250 University of Calgary Calgary
201–250 University of Ottawa Ottawa
201–250 University of Waterloo Waterloo
201–250 Western University London
251–300 Dalhousie University Halifax
251–300 Laval University Quebec City
251–300 Queen’s University Kingston
251–300 Simon Fraser University Burnaby
301–350 University of Victoria Victoria
351–400 York University Toronto
401–500 University of Manitoba Winnipeg
401–500 University of Saskatchewan Saskatoon
501–600 Carleton University Ottawa
501–600 Concordia University Montreal
501–600 Memorial University of Newfoundland St John’s
501–600 University of Québec Quebec City
501–600 Université de Sherbrooke Sherbrooke
601–800 University of Northern British Columbia (UNBC) Prince George
601–800 University of Regina Regina
601–800 University of Windsor Windsor